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Comstock Resources reports Q1 adjusted EPS 33c, consensus 34c

Reports Q1 revenue $390.4M, consensus $448.43M. Comstock’s production cost per Mcfe in Q1 r averaged 83c per Mcfe. Comstock drilled 18 operated horizontal Haynesville/Bossier shale wells in Q1 which had an average lateral length of 12,075 feet. The company also participated in an additional 26 non-operated Haynesville shale wells in Q1.

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